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03/31/14 - A$0.05
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marmota energy ltd (MEU) Details

Marmota Energy Limited is engaged in mineral exploration activities. The company primarily explores for uranium, gold, iron ore, copper/nickel, and other base metals. It principally holds interest in the Junction Dam uranium project covering an area of approximately 351 square kilometers located to the west of Broken Hill, South Australia. The company’s tenement interests cover approximately 10,000 square kilometers in the Gawler and Curnamona Cratons. Marmota Energy Limited is based in Unley, Australia.

marmota energy ltd (MEU) Top Compensated Officers

Acting Chief Executive Office, Chief Financia...
Total Annual Compensation: A$105.3K
Executive Technical Director and Executive Di...
Total Annual Compensation: A$86.5K
Compensation as of Fiscal Year 2013.

marmota energy ltd (MEU) Key Developments

Marmota Energy Limited Announces Executive Changes

Marmota Energy Limited announced that Mr. Domenic Calandro has resigned as Managing Director of the company effective May 30, 2014. Ms. Virginia Suttell, the company's Chief Financial Officer, has been appointed Acting Chief Executive Officer.

Marmota Energy Limited Announces Unaudited Consolidated Earnings Results for the Half Year Ended December 31, 2013

Marmota Energy Limited announced unaudited consolidated earnings results for the half year ended December 31, 2013. For the half year, the company reported loss before income tax expense was $11,985,931 against $476,432 a year ago. Loss attributed to members of the parent entity was $11,985,931 against $525,462 a year ago. Basic and diluted loss per share was 4.54 cents against 0.27 cents a year ago. Net cash used in operating activities was $359,534 against $433,301 a year ago. Payments for plant and equipment were $91,611 against $9,610 a year ago. Payments for mining tenements and exploration were $640,681 against $1,671,578 a year ago. Total other revenue was $54,509 against $76,536 a year ago.

Marmota Energy Limited Commences Drilling on its West Melton Copper-Gold Project on SA's Yorke Peninsula

Marmota Energy Limited reported drilling has commenced on the company's West Melton Copper-Gold Project on SA's Yorke Peninsula. The program is designed to test for the source of a significant copper and gold geochemical anomaly defined on the project only 2014. The target is also strongly coincident with shallow modelled geophysical anomalies. A 2,000 metre maiden drilling program is underway which is expected to take three weeks to complete. The drilling will focus on key target areas within a 1.2 kilometre long coincident gold and copper-in-calcrete zone where individual sample assays ranging up to 197ppm copper were returned. Modeling of the results indicates that potentially mineralised bodies could be as shallow as 15 metres. This is an untested anomaly with the nearest historic drill hole being 4 kilometres away.


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